As we all know Govt. of India pays special emphasis on management of Fiscal Deficit. What is Fiscal Deficit ?

The gap between projected or estimated GDP and actual GDP

The gap between the total number and value of the currency notes issued by the RBI uptill now over the number and value of those which are of actual circulation

The gap between the actual borrowings of the Govt. of India and the expected expenditure for which provision is made in the budget

Excess of Govt's disbursement comprising current and capital expenditures over its current receipts (Tax/non tax receipts)

None of these